Researchers investigate how conflicting interests threaten to negatively impact the Bitcoin ecosystem
Thursday, April 9, 2015 - 06:00
in Psychology & Sociology
Bitcoin, a peer-to peer online payment system that was conceived in 2008, has experienced considerable growth in popularity and has increasingly been adopted as a viable payment scheme in mainstream electronic commerce. However, according to researchers, the decentralized and quasi-anonymous nature of Bitcoin renders it vulnerable to self-interested parties that seek to exploit the system.